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48 Meriden Rd, Suite 1, Middlefield, CT 06455

Category: mortgage

Your Credit Scores – Understand them & see how YOU can improve them

When applying for a mortgage, you may want to see what your credit is BEFORE you apply. Many people rely on Credit Karma or other companies like them to track their credit and keep an eye on their credit scores. What most people don’t know is that the algorithm, (the procedure the Lender uses to…
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MORTGAGE LINGO

Learning the ABC’s of mortgage terminology Before tackling the mortgage process for the 1st time or the 5th time, understanding the mortgage language will help in the steps of your home purchase journey. Adjustable Rate Mortgage (ARM): A mortgage that will have an initial fixed rate for a set period of time and then the…
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Refinance with Cash Out Advantages

Mortgage interest rates are currently at or near historical lows over the past 50 years.  Now is the time to take advantage of these low rates.  One vehicle to do this a Cash Out Refinance. Refinance mortgage rates tend to be lower than the interest rates on other types of debt, so it’s a very…
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The Do’s and Don’ts When Preparing to Purchase Your Home!

The Do’s and Don’ts When Preparing to Purchase Your Home! We all get excited when it’s time to make that BIG purchase in our life. Whether you are a first-time homebuyer or refinancing your home, there are some guidelines that you should keep in mind. Do’s Get Pre-approved for Your Loan – There are many…
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Why young people should buy instead of rent to build wealth

  As the saying goes, buying a home is an investment. Many young people are renting apartments because they believe they cannot afford a home or condo at a young age, and that they need to save more.   Let's debunk this myth.   Landlords need to charge rent that covers their mortgage payment, taxes,…
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The difference it makes refinancing or buying a home with these historically low rates

Mortgage interest rates fell to historical lows again. We are seeing a lot of people such as first-time homebuyers, people refinancing, and real estate investors taking advantage of these low mortgage rates. If you are thinking that a small difference in rate won't affect your monthly payment by much, let's take a look at this.…
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Are you ready to buy a home?

Many renters do not own a home because they think they will not qualify, do not have the money to put down on a home,  are worried that something big will break on or in the home and they will not have the money to fix it or do not make enough make enough money…
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100% USDA Financing

Like the Department of Veterans Affairs and the Federal Housing Administration, the United States Department of Agriculture (USDA) also provides a mortgage option – the USDA loan. The USDA loan is a lesser-known mortgage program that allows eligible rural and suburban homebuyers to finance a home without a down payment. To be eligible for a…
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“Pre-Approvals are Everything”

In this day in age, we a geared toward instant gratification. In the mortgage world, that is no different but, instant gratification may no be attainable at first glance. Pre-Approvals can help with that. It is Important! Getting pre-approved is very important and should be your first step. By working with me, or a mortgage…
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Move In Tips After You Close Your Mortgage

So, you have closed your mortgage.  Now it is time to move in to your new home.  Click here for some helpful move in tips. Good Luck on your move and Thank you for using Northeast Financial to close your mortgage loan.